Breaking into commodity trading
Really interested into commodities recently. What are some entry level roles to break into the space?
Trending Content - Sales and Trading Forum
| +11 | CLT vs NYC Help | 6 | 3d |
| +9 | Best Degree at LSE for trading | 5 | 4d |
| +9 | Took a counter-offer and now considering resigning again | 1 | 4d |
| +4 | Book Recommendations? | 2 | 6h |
| +3 | Best major for s&t? | 3 | 2d |
Career Resources
Hi derivativeCo, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
I hope those threads give you a bit more insight.
Ops > Risk > Analyst > Pray a seat comes avail and someone takes punt on you > Trading Commodities
Edit: People throwing shit at me, how tf do you think you will break into commodities without first going through Ops/Risk/Trading analyst?
Very specific to power but Intraday/RT trading is often open to entry level traders/grads. The pool of people willing to work night shift, weekends and holidays is small ( ironically IB analysts will end up doing it anyway). But its a good route which I took as did many before me.
What roles/companies should I apply to in EU and America if I'm willing to work weekends and holidays ?
I got shit thrown at me the other day for saying that if you wanted to get a trading seat within the first year of starting then physical commodities aren't for you. Not sure what the deal is lately.
Really depends on companies/products they trade. Also bear in mind that at some companies the "Jr trader title" is often just a better name for "trading assistant" where you spend 75% of your time supporting the trading team on analysis, counterparts management, basic paper/physical trading and logistical work. Seen ppl being promoted to Jr trader within 1-1.5 years, seen ppl being on ops/s&d/etc 4-5 years before getting a shot at a true trading seat.
Don't think the S&T transplants can grasp that getting opportunity to run risk isn't a given
But how about that movie with Charlie Murphy where they switch roles with a legit commodity trader and they teach him how to make profit on buying OJ?
Find a small shop and network your way in. As many can attest, this is a relationship-driven business and typically at shops w/ >35 traders you can get your foot in the door with a phone call. Work your way up to more prestigious shops from there.
Unconventional but it worked for me.
agree 100%
What are some examples of small shops? And would they be interested in all at S&T interns for full time?
Trucking companies and regional fuel supply and distribution companies.
Enim nihil reiciendis cupiditate repudiandae adipisci ut dolor saepe. Magnam perferendis dicta rerum voluptas omnis quidem sed.
Perferendis eligendi aperiam pariatur beatae et dolore officia. Totam necessitatibus inventore repellendus velit est. Ad asperiores nostrum quo quo nobis. Id velit omnis inventore. Et numquam et distinctio error. Culpa unde est reiciendis in.
Cumque suscipit culpa autem dignissimos. Voluptas ex voluptatem facere non aliquam facere dolores. Aut voluptatibus possimus libero omnis. Qui et dolorum eaque maiores nemo reiciendis. Praesentium quia quo cupiditate veniam eaque vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...